Cybersecurity Firm in Switzerland Opens Blockchain Center in Geneva

According to an announcement made on February 1, Swiss-based blockchain along with WISeKey (cybersecurity firm) has launched a blockchain centre of excellence in Geneva. The focus of WISeKey is to attain secure authentification and identification with the help of ‘Root of Trust’ (a cryptographic tool). WISeKey is regularly integrating IoT (Internet of Things) along with blockchain technology into its operations and portfolio.

Reports suggest that the Geneva Blockchain Center of Excellence will be backing projects related to blockchain technology while promoting and researching new technologies. The center of excellence will also accelerate the acceptance of blockchain technology in private as well as public sectors. Starting such centres is a part of this new collaboration with BRI (Blockchain Research Institute), and the collaboration intends to open more centers in the United States, Latin America, Africa, India and China.

The entire purpose of these blockchain centers around the world is to coordinate with academia, business and other centers in order to achieve and share the best resources and practices. According to reports, every single center will have its own area of expertise. It is noted that the focus of Geneva center is on fintech while the center in Argentina (Buenos Aires) will be giving special attention to anti-counterfeiting platforms.

In the previous week, it was announced by WISeKey that it would be opening its Global blockchain Center in Malaysia incorporation with Censof (Subsidiary of Malaysian tech investment holding). Ameer bin Shaikh Mydin, Censof Board of Director, stated that ‘The potential benefits of blockchain will help drive efficiencies for our clients.’

WISeKey came out to announce on January 23 a blockchain based identity partnership with the non-profit race for Water Foundation with the intention of bringing down ocean pollution with the use of blockchain technology. Reports suggest that WISeKey will be building a digital identity on a blockchain which will store every plastic product made by participating companies. Efforts of recycling for every product will be tracked and recorded on a blockchain.

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